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ss7ja [257]
3 years ago
8

Assume the same set of facts for Berol Corporation as in Exercise 10-16 except that it received $109,862 in return for the issua

nce of the bonds when the market rate was 8%.Facts were: Berol Corporation sold 20-year bonds on January 1, 2012. The face value of the bonds was $100,000, and they carry a 9% stated rate of interest, which is paid on December 31 of every year. Berol received $91,526 in return for the issuance of the bonds when the market rate was 10%. Any premium or discount is amortized using the effective interest method.Required:
1.Prepare the journal entry to record the sale of the bonds on January 1, 2012, and the proper balance sheet presentation on this date.2,Prepare the journal entry to record interest expense on December 31, 2012, and the proper balance sheet presentation on this date.
Explain why the company was able to issue the bonds for $109,862 rather than for the face amount.
Business
1 answer:
LenKa [72]3 years ago
8 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
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Answer:

d. 1.05 kilograms

Explanation:

Since we are looking for the standard quatity in kilograms of input per unit of out put we are going to sum up all the input for each unit of output in order to arrived at the standard quantity in kilograms.

Output unit required 0.92 kg

Add: waste and spoilage allowance 0.02 kg

Allowance rejected 0.11 kg

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3 years ago
Maintenance costs for pollution control equipment on a call for an s are expected to be $180,000 now and another $70,000.03 year
hodyreva [135]

Answer:

Annual cost = −64,083

Explanation:

Present maintenance costs = $180000

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Annual cost = −180,000(A/P,12.27%,5) –70,000(P/F,12.27%,3)(A/P,12.27%,5)

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4 0
3 years ago
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S_A_V [24]

Answer:

A

Explanation:

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The purpose of Perform Qualitative Risk Analysis is to determine what impact the identified risk events will have on the project and the probability they will occur. It also puts risks in order of priority according to their effects on the project objectives and this is done by assigning s a risk score for the project. This boosts the chances of sucess of a project.

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tigry1 [53]

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bulgar [2K]

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4 years ago
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